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English 172
Search Results 0 to 49 of about 172 (some duplicates have been removed)
CSPAN
Feb 16, 2013 1:30pm EST
to be here today and discuss with you cbo's outlook for the budget and economy for the next 10 years. are analyzing shows that the country continues to debate a very large economic challenges. i will discuss the economy first and then i will turn to the budget. we anticipate economic growth will remain slow this year because of the gradual improvement in underlying economic factors will be offset. the good news is that the effects of the financial and housing prices appear to be gradually fading. we expected a upswing in housing construction and increasing availability of credit will help spur a virtual cycle of income, consumer spending, and business investment over the next few years. however several policies that will help bring down the budget deficit will result in a drag in economic activity. the increase in tax rates and the cuts in federal spending scheduled to take effect next month will mean reduced spending by both households and the government. we project an inflation adjusted gdp will increase by about 1.5% in 2013. it would increase roughly 1.5 percentage point faster w
CNBC
Feb 20, 2013 7:00pm EST
of the economy, just not in one year. if you look at the nonpartisan shops who have looked at the impact on the economy, they all coalesce around one number. they say this sequestration if it takes effect and holds will take about .5% of gdp growth out of the 2013 economy. now, that doesn't sound very good to me. we were just talking about how the economy's already growing too slow as far as we're concerned. i don't believe the fourth quarter recessionary number. i think that's going to be revised up. but if you think this is an economy that can take a 50-basis point whack to gdp growth, perhaps we're in a different world. >> here's the thing, let's go through this. 44 billion is the real number and it's funny, i found this today courtesy of my friend. what is that? $44 billion of spending cuts is 2 1/4 of 1% of gdp. so these are such tiny -- but the benefits, the benefits of confidence and certainty and free markets, i think vastly overwhelm these keynesian multipliers. >> and there's really no such thing as a keynesian multiplier. i mean -- well, really. >> do we need a stretcher? >> d
FOX Business
Feb 23, 2013 10:00am EST
drones flying over the united states. higher gasoline prices, higher taxes, weakening the economy and taxes, weakening the economy and harris on what the future holds. at a dry cleaner, taxes, weakening the economy and harris on what the future holds. we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to u all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. hey do you wanna get a drink later? progressive direct and other
FOX Business
Feb 23, 2013 4:00am EST
to the economy. >> is this short -- >> it will ultimately work out if the economy can get by with the back to normal payroll tax. this could juice it back around. there's no perfect plan the government can do, but it's possible this payroll tax cut could be lowered in the recession and raisedded in boom times to make up for the cut. lou: good evening, evrybody the day can be described as quiet from washington to the middle east, where as two days for market selloffs brought i told you sos from some wall street gurus. today's triple digit rally in the dow was unobserved by those who lost the narrative. as surrogates and private campaign force, organizing for action, worked to upend the second amendment, the president, himself, seems most willing to put a electoral risk, and the democratic senators and they had the elections, and facing constituents on gun control, trying to explain the president's early enthusiasms and why he's silent about it now. the president privately meeting with white house reporters today who took with it, pins, cameras, or anything with which to record the president
CNBC
Feb 21, 2013 7:00pm EST
is not falling. the lower spending and limited government sequester will help grow the economy not harm it. and guess what today? president obama actually dialed up republican leaders john boehner and mitch mcconnell to talk about the sequester. this is good. it's called communication. we'll have a full report coming up from our man in washington robert costa. remember how we told the other night about how federal workers are still getting pay raises despite a so-called pay freeze? it turns out federal worker pensions are facing huge unfunded liabilities that could bankrupt them and force a new taxpayer bailout. but on the whole, folks, have no fear, america. help is on the way. this is "the kudlow report" and it starts right now. >>> all right. first up tonight the sky is not falling. even the president's own press secretary backed up president obama's sequester threat of mass layoffs. take a listen to jay carney. >> we agree with the consensus estimates here again from private outside economic firms from the congressional budget office that say we would lose, the country would lose up to
CSPAN
Feb 19, 2013 7:00am EST
in the local economy by my parts. every person who works on my product is going to raise the price of my product. every hand that touches the unit that i sell, a certain percentage of the company buys this products. every time i go to a vendor to get a part, my costs will increase. my competitor build a similar part for almost a third of what i build a mine. you will take away the factory workers who manufacture my parts. this is all usa jobs. lower the price of gas. back to two bucks a gallon and you won't have to worry about the minimum wage. host: how would an economist pre-minimum wage respond to that caller? guest: you are raising the cost of that worker to that business. that worker will have more money to spend. you can make more profits. you can pass the cost to people who are buying your goods by raising prices. raising the minimum wage has an effect on the economy. the question -- if there is a chance it would raise unemployment or perhaps put a business in the red. host: michelle, tacoma, washington. caller: i just realized our state is one of the higher states with minimum w
FOX News
Feb 20, 2013 1:00pm PST
immediately. it would be over time. jay carney insists just the fear out there is hurting the economy and the point is not whether it's march 1 or march 10. >> what happens on march 1? , march 2? when you say -- the president said hundreds of thousands of jobs. there's not going fob hundreds of thousands the first week. >> no, but there will be job losses. >> quantify this, you're scaring the public that this is going to be happen. >> so the you don't see economic firms are scaring the public and the cbo. >> how do you back up that it's urgent and hundreds of thousands of -- >> i would love to rewind to the questions i get the day of the gdp figure came out for the fourth quarter. the questions were alarming. maybe you were trying to scare the public but you asked sensible questions. one of the reasons we got the number we got despite other positive news was because industries, especially in the defense sector, were anticipating the implication of the sequester. >> so speakeron boehner is out with an op-ed that also warns about major deep cuts coming as well. he puts the own news on t
MSNBC
Feb 19, 2013 5:00pm PST
/bowles a serious plan. tonight i'll expose how it's seriously going to kill the economy. liberals, hold your ground. this is "the ed show." let's get to work. >> are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? >> the president takes his case to the people as the two salesmen for republican austerity are mobbed by protesters. >> pay your share of taxes. >> pay your tax. >> tonight, "time's" michael grunwald, jonathan alter and katrina vanden heuvel on how to dismantle the austerity bomb. >> 10,000 bucks? >>> the godfather of the conservative movement offers romney pocket change to anyone who can save the republican party. i'll show you why it's a lost cause. >>> plus, a virginia pizza shop owner uses a sick promotion to sell pies and push the nra agenda. >>> the beltway press takes their eye off the ball, complaining about bohm and tiger woods. the least popular senator is desperately attacking ashley judd. and david corn, the co-author of "hubris" and co-author of the msnbc documentary tells me what was left out. >> i
CSPAN
Feb 19, 2013 5:00pm EST
state of the union address, our top priority should be doing everything we can to grow the economy and create good jobs. that is our top priority and it drives every decision we make and it has to drive the decisions that congress and everybody in washington makes over the next several years. that is why it is so troubling that 10 days from now congress might allow a series of automatic, severe budget cuts to take place that will do the exact opposite. it will not help the economy. it will not create jobs. it will visit hardship on a lot of people. here is what is at stake. over the last few years, both parties have worked together to reduce our deficit i more than $2.5 trillion. more than two thirds of that was through some really tough spending cuts. the rest of it was through raising taxes, tax rates on the wealthiest 1% of americans. together, when you take the spending cuts and increased tax rates on the top 1%, it puts us halfway to the goal of four dollars trillion -- $4 trillion in deficit reduction. thomas say we needed to stabilize finances. -- economists say we need it.
NBC
Feb 17, 2013 4:30pm PST
in coming years of the baby boomers. do we need to cut it today with the economy still as weak as it is? no, we don't. the idea debt is a problem and manufactured -- chris: everybody get in on this. who gets hurt if we have a situation at the end of this month, march 1, where there's a huge cut in government spending. watch what happens and we lose a lot of pentagon jobs. a lot of people out of work. stop by and stores closed, supporting organizations and some contractors are out of work. who gets blamed, president or republicans in congress? >> in the end i think the president. we americans under this habit of thinking i think the presidents have too much -- deserve too much for a good economy and too much blame for a bad economy. what a president does is pretty important but not as important as sometimes other factors. chris: if we have a shutdown or second recession or something like it, double dip, who gets hurt? >> republicans believe your theory, michael, it's the president. the buck stops with him. fundamentally -- >> chris: he's the one scared of this sequester more than anybody it
MSNBC
Feb 20, 2013 5:00pm PST
right. the cuts are not smart. they're not fair. they're going to hurt the economy. but what the president didn't mention, that the sequester, that was his idea in the first place. >> not smart, not fair. it was his idea? let's keep adding it up, boys. today john boehner fired off his latest shot in this blame game. he took to the pages of the "wall street journal" to accuse the president of the united states of creating a financial crisis. boehner said the president's sequester is now eminent. but the daily beast website released some information today to knock down boehner's accusations. you see, back in 2011, boehner's office developed a power point presentation for house republicans. it was a two-step approach, but it actually contained three steps. first of all, no tax hikes. of course that's typical. spending cuts extending the debt ceiling increase, and spending caps. but while pushing those spending caps, boehner did what? he highlighted a special trigger mechanism -- sequestration. boehner was selling this idea to his caucus as a good way to make sure that they were
CSPAN
Feb 22, 2013 8:00pm EST
's economy. at dot, we will need to cut nearly a billion dollars, which will affect dozens of our programs. over $600 million of these cuts will need to come from the federal aviation administration, the agency that controls and manages our nation's skies. as a result of these cuts, the vast majority of faa's nearly 47,000 employees will be furloughed for approximately one day per pay period until the end of the fiscal year, and in some cases it could be as many as two days. today we are sharing more details with our unions and with industry so they can start planning for serious impacts of sequester. here is what these automatic cuts are going to mean for the traveling public. obviously, as always, safety is our top priority, and we will never allow the amount of air travel we can handle safely to take off and land, which means travelers should expect delays. flights to major cities like new york, chicago, and san francisco and others could experience delays of up to 90 minutes during peak hours because we have fewer controllers on staff. delays in these major airports will ripple across
PBS
Feb 23, 2013 12:30pm PST
, they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> president obama used his bully pulpit this week to call on congress to avoid, get this, sequestration. that's washington nomenclature for automatic spending cuts due to go into effect on march 1, next friday. on that date, both military and domestic programs will feel the impact of the monumental $85 billion cuts slated for this year, 2013, alone. not only does the president condemn the cuts, but his administration is also sounding the alarm. first, the secretary of state. >> but in these days of the looming budget sequester that everyone actually wants to avoid, or most, we can't be strong in the world unless we are strong at home. my credibility as a diplomat, working to help other countries create order is strongest when america at least puts its own fiscal house in order, and that has to be now. >> next, the secretary of defense. >> members of congress need to understand t
CNBC
Feb 20, 2013 6:00am EST
a question on everyone's mind -- how do we get the economy to grow from here? no one knows better than the leaders of corporate america. joining on set this morning, 32 adviser ceo robert wolfe. we'll have hanes celestial ceo irwin simon. and the kraft group president, jonathan kraft. >>> on the lighter side of things, spring is around the corner. that must meantime for baseball. white sox vice president ken williams will join us to talk business on and off the diamond coming up at 8:40 eastern time. >>> an interesting mix of topics in rotation today. first, let's get over to andrew with the top headlines. >> thanks. >>> boeing reportedly found a way to fix battery problems with its grounded 787. here's what's happening. involves increasing the space between cells in the battery. a source tells reuters the gaps between the cells were why there was overheating. we'll talk about that in a bit. >>> in other news on boeing, the company's engineers are split on a contract. the largest professional group approved the planemaker's latest contract offer. but members of a smaller technical unio
FOX News
Feb 22, 2013 3:00pm PST
humira, to help relieve your pain and stop further joint damage. >>> the overall effect on the economy is slow down the recovery. not only end up being direct job loss but because the economy is softer it means we won't be driving down unemployment as quickly as we should. >> are you willing to see a bunch of first responders lose their jobs? teachers laid off? air traffic controllers and airport security, hardship on a lot of people. seep yours, middle class families scram to believe find child care for their kids. bad idea. a bad idea. >> the sequester was the administration's idea. in they were president obama's idea. >> the so-called "sequester" was obama's idea in the first place. he signed it in to law. >> white house lemede recommendd this. >> bret: conservative group crossroad gps launched that ad today, that video. before that you saw the president at the white house. answering president at appearance with the japanese prime minister. bring in our panel. fredbars, "weekly standard." juan williams, columnist with the hill. syndicated columnist charles krauthammer. fred, where d
FOX News
Feb 20, 2013 7:00pm PST
under control in a way that would ultimately help the economy. >> let we get back to my first, if sequestration isn't, maybe we'd get as many as we might have if we spent money and if we're at the status quo. >> they're talking as far as jobs are concerned and the larger economy. if the government spends less in the larger economy, then it would cost some jobs overall. as far as the-- >> meaning slow growth, rather than cost jobs. >> exactly. as far as the military is concerned, there's a lot of controversy about this. you have a lot of republicans who are against sequestration, solely on the grounds of cuts to the federal government, excuse me to the defense department and you've heard today, leon panetta talking about hundreds of thousands of workers who will be furloughed and talked about damage to combat readiness and say there's an omb report, management and budget which says that they believe that the secretary of defense, and the president, do have the discretion to move money around so that combat readiness would not be affected by these things. >> byron, thank you. >>
CBS
Feb 17, 2013 8:30am PST
and the kind of investments we expect for the economy to grow from the middle out. so our hope is that this does not happen, that we choose-- rather than make this an ideological fight as it appears to be right now among some on the republican caucus, we just do a balanced approach to fix this problem. >> schieffer: i agree with all that b but when you have the speaker of the house saying i can't work with the president any more. every time i work with him i get bermuda. when he says he won't take on the liberals in his own party on reforming the social programs, and then you see the president he's not talking to anybody. he's out making speeches around the country. >> oh, i think that the president is-- he laid out in very complete detail-- >> schieffer: but what is he doing? what are the two sides doing to keep this from happening? >> you saw what he did on tuesday night during the state of the union when he laid out in detail on what he is prepared to do as it relates to fixing this problem. over the last several months we got agreement on $2.5 trillion in deficit reduction
MSNBC
Feb 21, 2013 2:00pm PST
world when you decide chopping down the government and hurting the economy is the smart move. but bring it all down is now the hard right battle cry. slash spending, short the pentagon. crew up traffic control whatever raises the noise level, bashes the democrats and lowers hope. is this the tea party dream? is this john boehner's version of feeding time at the zoo, giving the crazies what they want so they will sit in their seats and behave? is this final payment to insanity the last vestige of what calm republicanism is ready to cough up? but how else can you explain the readiness of the gop leadership to let this fraken stein's monster, it doomsday machine, this sequestration go all out berserk? how else can we understand the party of lincoln doing such economic damage to the republic, such damage and moral to the people. democrat ed rendell and republican michael steele. gentlemen, i want to start with you, michael, because i know you will disagree with me and that's what this is about. i read a lot of good reporting today, not analysis, but good reporting from your side of the aisl
CSPAN
Feb 15, 2013 10:30pm EST
that trend and take one oracle -- 1-2% of our economy every year to convert to green energy, we would be much further ahead. i'm so tired of the republican party to always be anti-green. we have an issue on this planet. i would like to see some things done in regard to that. green energy is important, and we should pursue it. thank you so much. guest: nobody is saying that it is not important. what they are seeing is that the federal government does not need the department of energy -- it does not need to be putting money into loan programs for companies like solyndra and fiskar. others -- they have gone bankrupt the. have gotten hundreds of millions of taxpayer dollars for loan programs and all of those companies that got those loans with that taunt of money have gone bankrupt. something is wrong with the vetting process and something is wrong with technology that it is not working in the marketplace. i had solar panels on my house in tennessee as a test keys thursday as a test case 30 + years ago. they're looking to see if we could get enough heat units per day in solar panels. we never got
CSPAN
Feb 15, 2013 8:00pm EST
are here to stay. we understand that. we have to play a role, because the status of our economy and our fiscal capacity is a key piece of our strength and a nation, and we understand that. but our domestic fiscal constraints do not diminish budding threats overseas. many of the challenges we face are in headlines at every day, whether the aggressiveness of north korea and iran, the proliferation of weapons of mass destruction, continued turmoil across the middle east and north africa, or with a growing threat of cyber attacks. as a joint force and an army, we must make decisions based on the context of the security environment and the historical experience, not false assumptions about the future. last year the department of defense to build a collaborative process to publish a 2012 defense strategy. the strategy calls for on the department to invest in the capabilities critical for future success cannot resist the temptation to sacrifice readiness to retain force structure, rebuilt readiness in areas that would be emphasized over the past decade. a fundamental role in 10 of 11 identifie
FOX News
Feb 21, 2013 3:00pm PST
on the economy if it were to take place. >> there were others like howard dean suggesting the president should let the sequester happen. to slice the pentagon's budget. dean telling the huffington post i'm in favor of the sequester. it's tough on things i care about a lot but the fact of the matter is you are not going to get another chance to cut the defense budget in the way it needs to be cut. white house officials disagree. as an outgoing defense secretary leon panetta who warned such deep cuts could leave america with a second rate military. you will remember republicans were furious before the election that the white house did not follow the warren act that requires employers to warn employees about the potential lay-offs. since furlough notices are only going out now, defense officials say they work at the pentagon until late april. even if the sequest starts on march 1. at the white house, ed henry. fox news. >> bret: the pentagon's budget chief says the effects of the cuts will be felt nationwide. he says the biggest potential losses will be in california, texas, georgia and virginia.
MSNBC
Feb 19, 2013 7:00pm PST
the economy or create jobs, it will eviscerate the job-creating investments. >> just ten days left to prevent $85 billion in spending cuts. >> the sequester. >> the sequester. >> the sequester. >> it won't consider whether we're cutting some bloated program or a vital service. >> it doesn't make those distinctions. if congress allows this meat cleaver approach. >> people are getting hysterical. >> thousands of teachers will be laid off. >> the president is count iing the republicans again. >> the president promised it would happen, he is the commander-in-chief. >> he would like to replace it. he has not put details out there. >> there is a stalemate, just ten days -- >> these cuts are not fair. >> the sky is falling, the sky is falling. >> they don't have to happen. congress has to act. >>> tonight, another dramatic deadline is looming for the financing of the government of the united states of america. in just ten days, an unprecedented $1.2 trillion in spending cuts will begin to take effect. and you know what that means for congress? that is right, six more days left of recess. that leaves
MSNBC
Feb 20, 2013 11:00am PST
be with regard to the economy and not both sides being able to go back to constituencies and say truthfully here's where i stood and it happened nevertheless. it benefits the republicans because their mantra is one of we are not going along with spending cuts without tax increases and we can't have tax increases on top of the 600 billion we went along with. the president made a pitch to independence by saying the word compromise. i'm for doing this in a manner that compromises. i think it's going to happen a week from friday without a vote and that is also to the benefit of the members because they won't be held accountable for it. >> is this the new normal that we came to expect? >> yes. >> how washington works and is it how our founding fathers designed our system to work? isn't there a catch 22 here as we beat congress over this and isn't this the way we were designed to work? >> i can't go that far back in history, but in modern times and the time i have been paying attention which is three decades, i don't think the polarization has been anything like it is today. this entire situation is r
MSNBC
Feb 19, 2013 8:00am PST
or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations? that is the choice. are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? are you willing to have teachers laid off? or kids not have access to head-start? or deeper cuts in student loan programs? just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice. that's the question. and this is not an abstraction. there are people whose livelyhoods are at stake. they are communities that are going to be impacted in a negative way and i know that sometimes all of this squabbling in washington seems very abstract and in the abstract, people like the idea, you know, there must be some spending we can cut. there may be some waste out there. there absolutely is. but this isn't the right way to do it. so my door is open. i've put tough cuts and
MSNBC
Feb 20, 2013 9:00am PST
that nobody expected to actually go into effect, it's bad management for the macro economy, for large programs, of course, but that said and the recent notes of the market freaking out, it is not doomsday. we have a tendency in washington of wildly overhyping everything we do. this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that
CSPAN
Feb 22, 2013 2:00pm EST
that will spur a new american economy that is focused again on making and innovating and growing and manufacturing and exporting. the long-term security and absolutely dependent on managing these risks we have identified today. it is that important for this country. you all can help. one man who understands this better than most is tom daschle. i can say a lot of things about tom daschle. i can talk about his military career in the air force. i can talk about his service in the house of representatives and his extraordinary leadership in the senate. the only person to serve as a majority and minority leader. i have said a lot about this man in terms of what his counterparts thought of him. i prefer to talk about tom daschle the father and grandfather. i think you can tell the measure of a man or a woman by the children. tom has got three great kids. i had the pleasure of knowing all of them. his daughter is an award- winning journalist. his son nathan is a social entrepreneur. his daughter lindsay, my favorite -- he cannot say that -- works at usda. she did an extraordinary job o
Search Results 0 to 49 of about 172 (some duplicates have been removed)